Loading...
•
Jul 31, 2024
Donaldson Q4 2024 Earnings Report
Donaldson reported record fourth quarter and fiscal year 2024 sales and earnings.
Key Takeaways
Donaldson reported a 6.4% increase in sales, reaching $935 million, and a GAAP EPS of $0.90, up 20.0%. The company delivered an all-time high level of profitability through solid sales and robust margin expansion.
Sales increased 6.4% to $935 million.
GAAP EPS increased 20.0% to $0.90; adjusted EPS of $0.94.
Returned approximately $82 million to shareholders through share repurchases and dividends.
Launched footprint and cost optimization programs to strengthen foundation for long-term profitable growth.
Donaldson
Donaldson
Donaldson Revenue by Segment
Donaldson Revenue by Geographic Location
Revenue by Segment
Mobile Solutions Revenue
CapyFin.comIndustrial Solutions Revenue
CapyFin.comLife Sciences Revenue
CapyFin.comRevenue by Geographic Location
U.S. / Canada Revenue
CapyFin.comEMEA Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.comLatin America Revenue
CapyFin.com Forward Guidance
Donaldson expects full year fiscal 2025 sales growth of 2% to 6% and adjusted EPS of $3.56 to $3.72.
Positive Outlook
- Sales are projected to increase between 2% and 6% over prior year, with a pricing benefit of approximately 1%.
- Mobile sales are forecast to be flat to up 4% year over year.
- Off-Road sales are projected to increase low-single digits driven by market share gains.
- Aftermarket sales are forecast to increase low-single digits as a result of continued strength in vehicle utilization rates and market share gains.
- Industrial sales are expected to grow between 4% and 8% versus 2024.
Challenges Ahead
- On-Road sales are estimated to decrease low-double digits due to an exit from non-strategic products combined with weak end-market conditions.
- Aerospace and Defense sales are projected to be approximately flat after cycling difficult comparisons in 2024.
- Life Sciences sales are forecast to grow low-double digits compared with prior year driven by sales increases in all businesses.
- Operating margin is forecast to be between 15.3% and 15.9% versus 15.2%, or 15.4% on an adjusted basis, in 2024 largely driven by sustained gross margin performance.
- Donaldson expects a fiscal 2025 effective income tax rate of between 23% and 25%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income